Chevrolet Volt Lease Questions

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This may be redundant from previous post...but I used some of the numbers on this forum to negotiate a lease. The dealership agreed rather quickly so Im wondering if I didnt ask for enough.MSRP: $40,270Selling price: $37,497.9536 month term/ 12,000 miles a year.Residual value: 58% or .58Rate: 1.05Cap Cost Reduction: $4,250$335 a month$0 down (including tax tag title and dealer fee)$335 due for first month (drive off fee)2 year/24,000 maintenance package for $200

I posted directly after your post. Looks like our numbers are very close. Where are you locared? Im near Charlotte NC. Another post on here got 15k miles per year for 335 a month no money down other than first months payment.

I'm out of Northeast Ohio. Apparently they are not selling very well up here. They were surprised when I asked about the Volt. :PI am heading there today to talk to the Sales Manager. Will report back with details.

I leased a 2013 Volt (fully loaded--$44,010 MSRP) in early September 2013 for 36 months. I paid all of the lease payments upfront. The Volt is white and in mint condition with only 4300 miles into the 30,000 miles allowed under the lease. It is accident free, has no scratches, dings, and fully under warranty.

I live in the Boston, Massachusetts area. I am trying to find someone to assume the lease in a one-time payment, and am willing to discount off of the current dealer monthly lease rates (that seem to be in the $330 - $350 per month range).

Two questions: (1) what is the best way to advertise this lease transfer deal (other than on Craigslist) (2) what is an appropriate discount?

I just charge it in my garage in the regular 3 prong outlet. Full charge takes 10 hours and I don't have to charge it everyday. Didn't think the faster charging station was worth the money. Hope this helps!

Hi I'm looking to lease a 2013 Volt. Has anyone from the Seattle area bought one? How will the dealership reduce the price using the $7500.00 tax credit? and the $4,000.00 from GM. Any suggetions would be great! I'm going to Burien Chevy tomorrow morning.Thank you!

I'm looking to lease a Volt for 36 months this month. I'm curious if anyone knows the current Residual and MF? I'm looking primarily for a 36 month lease with 15k. I live in Southern California if that makes a difference on Incentives.

The ad that drew me into the dealership (and also on their website) was $139 a month for 36 months with 10k miles per year. The ad stated $2,850 down required plus drive-offs, which they estimated to be $1,300. So, a great monthly price, but not so great at $4,150 out the door.

My offer was basically same lease factors with 12k miles per year and only $850 down plus drive-offs of $1,300 -- thus $2,150. So, my cap cost reduction was only $850... the rest would have been paid regardless (unless you built those into the cost of the monthly payments).

Ad (and "special pricing") is said to expire end of day on Monday 7/8, but who knows.

Perhaps the previous posts weren't clear, so here it goes: The local dealership ran an ad for base model Volt for $139/mo + tax + drive offs (approx $1,300) + $2,850 down for 10k miles per year. (Total out-the-door of $4,150.) Based on this ad, I went in to see what I could get.

I picked up a base model for $220/mo + tax + drive offs ($1,300) + $850 down for 12k miles per year. (My total drive off was $2,150.)

Both deals required top tier credit and both had $1,000 competitive lease discount. My deal closed through US Bank.

This tread should be used for simple payment numbers. If you are 100% sure you are going to turn in your Volt at the end of the lease then only 5 things matter.1. Payment2. Out of pocket upfront fees3. Miles per year4. Added vehicle features.5. Extras...mainteance free...etc.

This will help avoid confusion of down payments, fees, etc. To do this calculation take your money out of pocket and add it to your payment times number of monthss then divide by number of months.

Car_Man,Could you tell me what the current money factor and residual is for a 2013 Volt, leasing for 36mo-12,000mi/yr?Also, I'm seeing advertised from Chevrolet $4,000 off the MSRP listed as consumer cash. So, when negotiating the cap cost, should I also take off the $7,500 tax credit that the dealer (or is it Ally?) will get in the deal? Because I know I can't get that tax credit myself when leasing. Pleae help me understand how best to negotiate in a situation such as this.Much appreciated...

I would like to lease a 2013 Volt, but there are so many factors currently involved I don&#146;t know whose figures to trust. I have never leased a car. I read &#147;10 Steps to Leasing a New Car,&#148; and I have read recent forum posts here.

Other posts state that the $7,500 Federal Tax Credit should come off the Cap Cost/Purchase price as well as the $2,000 rebate (for lease, instead of $4k cash back for purchase).

Georgia also gives a $5,000 State Income Tax credit. Do I lose that by leasing or is there a way to apply that to the Cap Cost/Purchase Price?

Research on several web sites put the &#147;haggle&#148; discount at another $1,500-2,100 off the purchase price.

I haven't closed a deal, so take this with a grain of salt, but I believe my numbers are correct. Call the dealer with the best deal in your area as listed at truecar.com, and ask them to go over the current lease rebate from Chevrolet, the residual for your specific lease term/mileage, and the money factor for top tier credit. In my case it was $4,250 lease rebate from Chevrolet (and an additional $1,000 lease conquest if leasing a non-Chevrolet car), 56% residual for 39 months and 1.05% APR/money factor from Ally. Note that Ally receives the $7,500 federal tax credit and used it to pump up the residual. TrueCar informed me of a local dealer that offers at least $4,684 off the price, not including the rebate.

Hi rosenbj1. Ally's curent base lease rate and residual value for a 36-month lease of a 2013 Chevrolet Volt without navigation with 12,000 miles per year are 0.85% and 56%.

General Motors is currently providing a $5,020 cash incentive on leases of this car. The $4,000 consumer cash that you have seen mentioned is not available on leases. Ally pockets the $7,500 tax credit and uses it to artificially inflate the residual value of the Volt, making the lease cheaper. It is able to do that because on a lease the bank technically owns the vehicle, not the lessee.

Looking to do a 36 mo/15k per year lease through Ally. From the 56% residual you quoted above, is it correct that I should deduct 2% for the 15k per year vs 12k? And deduct another 1% for having nav? So I'm looking at a 53% residual? Same money factor/lease rate of 0.85%?